By utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bullish sentiment prevails.
I would also say that there is a bullish divergence happening on the daily, which further indicates likelihood of upward momentum.
CRYPTOCAP:TON is one of the few tokens in the green while the broader market trades in red. Why? - After a prolonged slump (in March, 100% of holders were at a loss), the token is bouncing back, with 10% of addresses now in profit. - Just yesterday, 1.1M CRYPTOCAP:TON were pulled off exchanges — a sign of accumulation and dwindling sell pressure. - The price is sitting at $4.13 with a 24h volume of $353M, up 6.9% for the week. It seems CRYPTOCAP:TON might have a surprise up its sleeve! The next major resistance is in the $4.80–$5.20 range — will it break through?
As you can see from this simple monthly chart, we are in a symmetrical wedge and at the resistance line dating back to early 2020. I would say it's far more likely we trend up from here on the macro.
? Welcome to TradeCityPro Channel! Let's analyze and review one of the most popular cryptocurrency coins, which is in a more favorable situation than the majority of altcoins together! ? Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. https://www.tradingview.com/chart/BTCUSDT/K1EE9Spj-TradeCityPro-Bitcoin-Daily-Analysis-49/ ? Weekly Time Frame On the weekly time frame, I see that the seventh period is stable, inj, and compared to the majority of altcoins that have their own low price levels, it is in a better space and is engaged in its own supports! After breaking the primary trend ceiling, namely 9.28, we experienced a sharp upward movement and formed a historical ceiling at $53, and after forming a distribution box and breaking the important floor of 16.20 and pulling back to it, we experienced a continued decline. We have now reached support again, which was previously a very important resistance, and now, as a result, it is probably not lost, but the weekly candle is a very good and bearish candle! Don't forget to save your profit, your strategy booklet and your positions, otherwise you will have made a 450% move without adding anything to your capital! https://www.tradingview.com/x/I2HAzzPg/ ? Daily Time Frame On the daily time frame, our trend is completely bearish as you can see and the events are completely accompanied by the formation of a downward bottom and top, but we are likely to suffer for a while. After getting rejected from 34.16 and forming a box between 20.16 and 25.93 and losing the bottom, it made a move and then while pulling back with low volume and the next conversion to red, it became an inverted Sharpe, we experienced a decline! Currently, we are forming a box between 8.63 and 10.68, and for selling and short positions, you can do this by breaking 8.63, and for the trigger spot risk and buying, if you feel the price is good, it is better to wait for the trend to break and do the trigger at 10.68. Let it structure. https://www.tradingview.com/x/Q3u3OoW4/ ✍️ Final Thoughts Stay level headed, trade with precision, and let’s capitalize on the market’s top opportunities! This is our analysis, not financial advice always do your own research. What do you think? Share your ideas below and pass this along to friends! ❤️
Meta Platforms (META) has been trading within a 1-year Channel Up and yesterday it hit its 1W MA50 (red trend-line), breaching the 1D MA200 (orange trend-line) which held the correction last week. Even though the bottom of the Channel Up is currently $40 lower, holding he 1W MA50 is critical because it has been kept intact since the February 02 2023 bullish break-out. The first signs are encouraging as the 1D RSI is on Higher Lows, despite the stock's Lower Lows, which is a Bullish Divergence. So as long as this Channel Up bottom Zone holds, we expect META to initiate its new Bullish Leg and test initially its previous Resistance (ATH) as it did on July 05 2024 and August 22 2024. Our Target is $740. ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
1. Key Levels & Structure • Resistance Turned Support: The price has broken above a strong resistance level (marked by the thick red line). • Possible Retest Zone: A pullback (retest) to the breakout zone is indicated, which could confirm support before moving higher. • Major Support Area Below: The lower red box marks a previous demand zone, meaning the price might fall back to this area if the retest fails. 2. Market Trend • Uptrend Confirmation: Price has been making higher highs and higher lows, confirming an uptrend. • Breakout & Retest Pattern: The chart suggests a possible retest of the breakout area before continuing upwards. 3. Entry & Exit Strategy • Entry Point: The ideal buy zone is near the small pink box (retest area). • Stop Loss: In case the retest fails and the price drops below the lower red support zone. • Take Profit: The green box above shows the expected bullish target if the retest holds. 4. Confirmation Signals • Watch for Bullish Candlestick Reversal (such as a bullish engulfing or pin bar) near the retest zone before entering a trade. • Volume Increase on Breakout would confirm strength in the uptrend. Overall Outlook • Bullish Bias: If the price successfully retests and bounces, it may continue rising. • Bearish Risk: If the support fails, the price could drop back to the lower support zone.
Ripple coin can form here a good downward movement where we are still waiting for any signs of weakness in the markets. In our opinion, this coin is doomed for fall so let's see how things will unfold! More in-depth info is in the video—enjoy! Swallow Team
It appears that the NEIROETH diametric pattern started from the point where we placed the green arrow on the chart and completed at the point where we placed the red arrow. Since the bullish pattern has ended and the price is below the descending trendline, sell/short opportunities can be considered in the supply zones. The target could be the green zone. Closing a daily candle above the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Gold intraday interpretation Gold failed to hit 3150 in the morning session. How will the subsequent market evolve? It hit a high in the morning and then fell back to 3125-3130 to stop the decline and enter consolidation. If it fails to break through 3150 on Thursday, it will have a chance to enter a high-level adjustment, and the decline may reach 30-50 points! Market sentiment has been brewing for a long enough time. Everyone should look at tariffs rationally. Even if there is no tax increase, there is no need to be too surprised. Currently entering the triangle consolidation pattern, which is a type of relay pattern. The pattern is usually accompanied by a reduction in trading volume and resumes the original trend after breaking through. Focus: 3150 key resistance. Don't chase north above 3140. If the intermediate form is used, the probability of breaking through 3150 during the day is not high. Mainly look at the ADP employment number on Wednesday. Beware of the US market retreating from 3113 to 3117 and then rebounding quickly. Lower support: 3125 3113 3105 Upper pressure: 3150 3165